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In last meeting before election, the Fed could placate markets with promise of low rates for years
The Federal Reserve is unlikely to take any new policy actions at its final meeting before the presidential election, but it is expected to indicate it will keep its dovish policy in place for years to come while the economy and labor market heal. The Fed meeting wraps up with a 2 p.m. ET statement Wednesday, and then Fed Chairman Jerome Powell briefs the media at 2:30 p.m. He is expected to veer away from any questions related to the election, but he is likely to speak about the need for Congress to provide more fiscal stimulus to parallel the unprecedented easing policies of the Fed. For the first time, the Fed is ... (full story)
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